A 22 percent rise in the price of ice cream decreases the quantity of ice cream demanded by 14 percent and increases the quantity of chocolate bars demanded by 9 percent. Calculate the price elasticity of demand for ice cream and cross elasticity of demand for chocolate bars with respect to the price of ice cream.*>> Answer to 2 decimal place. The price elasticity of demand for ice cream is The cross elasticity of demand for chocolate bars with respect to the price of ice cream is
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